Fund Firms Hoping for Re-Proposal’ of Volcker Rule

PHOENIX -- Because of its increasing complexity and impacts on financial firms beyond banks, firms that run registered investment funds are suggesting that the Volcker Rule gets ‘re-proposed’ before it goes into effect in July.

“We would all be hopeful for a re-proposal,’’ said David Oestreicher, Vice President and Chief Legal Counsel, for T. Rowe Price Associates, a publicly owned Investment firm based in Baltimore.